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Tuesday, August 25, 2009

Escorts MF Declares Dividend For Income Plan

Record date for dividend is 31 August 2009

Escorts Mutual Fund has announced dividend for Escorts Income Plan. The record date for the distribution of dividend is set as 31 August 2009.

The quantum of dividend will be Rs 0.070 per unit on the face value of Rs 10 per unit on the record date. NAV for Escorts Income Plan under dividend option was at Rs 11.2168; NAV under growth option was Rs 28.1280 and NAV under bonus option was Rs 14.8107 as on 21 August 2009.

The investment objective of the scheme is to seek to generate current income by investing predominantly in a well-diversified portfolio of fixed income securities and money market instruments with moderate risk levels. This income may be complemented by possible dividend income.

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